IAG buys Spanish carrier Air Europa « Khabarhub
Friday, June 21st, 2024

IAG buys Spanish carrier Air Europa


04 November 2019  

Time taken to read : < 1 Minute


  • A
  • A
  • A

MADRID: International Airlines Group (IAG), the parent company of British Airways and Iberia has agreed to buy Spanish rival Air Europa for 1 billion euros ($1.1 billion).

In a statement released Monday, IAG says the purchase will be completed by the end of 2020 if competition regulators approve it.

IAG expects the purchase to turn its Madrid base into “a true rival” to Europe’s main air travel hubs in Amsterdam, Frankfurt, London, and Paris.

The statement says that by taking control of Air Europa the group also expects to lead flights between Europe and Latin America and the Caribbean.

Air Europa operates 66 aircraft to 69 destinations in and outside of Spain. As one of the world’s largest airline groups, IAG flies to 268 destinations with 573 airplanes.

(Agencies)

Publish Date : 04 November 2019 17:27 PM

Justice Malla questions legitimacy of parliamentary committee in DPM Lamichhane related case

KATHMANDU: The Supreme Court (SC) hearing on the writ petition

Nepal’s sovereign debt surpasses Rs 2400 billion

KATHMANDU: Nepal’s sovereign debt has exceeded Rs 2400 billion as

DPM and Foreign Minister Shrestha to attend Asia Cooperation Dialogue in Iran

KATHMANDU: Deputy Prime Minister and Foreign Minister Narayan Kaji Shrestha

PM Dahal urges intellectuals to advocate for change

KATHMANDU: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has criticized those

‘Big mistake’ for South Korea to arm Ukraine – Putin

LONDON: Vladimir Putin has warned South Korea it would be